Investing On Cassava
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· discussion_qa
A prospective farmer asks for advice on leasing land and calculating profits for a cassava plantation in Lagos/IFO. An experienced user provides a reality check on the low budget and offers detailed estimates on land costs, yields, and potential revenue, while another user briefly questions the feasibility of the proposed budget.
Prices:
land lease: NGN25000.0 (Lagos/IFO (proposed by user))land lease: NGN600000.0 (Ifo, Ogun State (per plot))land lease: NGN20000000.0 (Ifo, Ogun State (per plot))land lease: NGN1500000.0 (Ifo, Ogun State (average per plot))land lease: NGN200000.0 (Ikorodu/Badagry/Ipaja (per annum))cassava yield: tonnes23.4 (Nigeria (per hectare))cassava market price: NGN20000.0 (Nigeria (per tonne))land acquisition: NGN90000.0 (Nigeria (per hectare))land acquisition: NGN350000.0 (Nigeria (per hectare))land preparation: NGN45000.0 (Nigeria (per hectare))cassava stems: NGN20000.0 (Nigeria (per hectare))planting: NGN11000.0 (Nigeria (per hectare))
Credibility signals:
citing specific regions and price rangesreferencing external sources (implied by specific data points)offering alternative locations based on budget constraints
“You budget 25k to cultivate an acre of cassava? That money cannot transport you to farm in 2 months.”
exact
· see the post ↗
“With improved farming practices, cassava yields in Nigeria can reach up to 23.4 tonnes per hectare.”
exact
· see the post ↗